Honeywell Flour Mills Plc reported a pre-tax revenue of N7.7 billion for the 9 months ended December 2025.
Though the corporate remained worthwhile, this end result represents a decline in comparison with the N12.2 billion pre-tax revenue recorded in the identical interval of 2024.
Of the overall determine, the third quarter contributed N5.1 billion in pre-tax revenue, down from N8.8 billion recorded within the third quarter ended December 2024.
The decline was primarily as a result of decrease income, as nine-month gross sales decreased from N277 billion to N242 billion in FY2025, alongside greater working and finance prices.
Key highlights (9M 2025 vs 9M 2024)
- Income: N242 billion vs N277 billion within the prior 12 months
- Price of gross sales: N220.5 billion vs N248.5 billion
- Gross revenue: N21.4 billion vs N28.4 billion
- Promoting and distribution bills: N14.05 billion, up 57.55% year-on-year
- Working revenue: N8.8 billion vs N22 billion
- Finance prices: N4.7 billion, up 19.67% year-on-year
- Pre-tax revenue: N7.7 billion vs N12.2 billion
- Complete belongings: N152.2 billion vs N167.5 billion
- Retained earnings: N13.8 billion vs N7.6 billion
What the information is saying
In accordance with the monetary statements, the corporate recorded nine-month income of N242 billion, representing a 12.65% year-on-year decline.
After accounting for the price of gross sales of N220.5 billion, gross revenue stood at N21.4 billion.
- Though the price of gross sales declined from N248.5 billion within the earlier 12 months, it remained excessive sufficient to slender gross revenue by 24.80%.
Working prices elevated throughout the interval, primarily as a result of greater promoting and distribution bills, which rose to N14.05 billion from N8.9 billion.
- In consequence, regardless of a internet working acquire of N1.4 billion, working revenue fell sharply to N8.8 billion from N22 billion within the interval ended December 2024.
Finance prices amounted to N4.7 billion, whereas finance revenue stood at N4.5 billion.
- As well as, international change losses of N871 million (down from N8.5 billion) had been recorded, leading to a internet finance expense of N1.08 billion.
After these things had been accounted for, pre-tax revenue decreased to N7.7 billion from N12.2 billion. Following a tax cost of N1.5 billion, revenue after tax settled at N6.2 billion.
Stability sheet
For the 9 months ended December 2025, the corporate reported complete belongings of N152.2 billion, down from N167.4 billion in March 2025.
- Property, plant, and tools accounted for the biggest share of complete belongings at N72.9 billion, adopted by inventories valued at N43.9 billion.
On the fairness aspect, shareholders’ fairness elevated to N43.6 billion, representing a 16.57% year-on-year development.
- Reserves fashioned the biggest portion at N19.3 billion, whereas retained earnings stood at N13.8 billion and share capital at N10.4 billion.
Positively, the corporate diminished its general obligations, as complete liabilities declined to N108.6 billion from N130 billion a 12 months earlier.
This discount was largely pushed by decrease commerce and different payables, which fell from N87.7 billion to N74.3 billion, in addition to declines in each non-current and present borrowings
What to know
Honeywell Flour Mills remained worthwhile from April to December 2025, however earnings declined in comparison with the earlier 12 months as a result of decrease income and better bills.
- Working revenue fell sharply, exhibiting that greater bills had a stronger affect than the corporate’s cost-saving efforts.
- On the constructive aspect, the stability sheet improved, with shareholders’ fairness rising and complete liabilities declining.
- Diminished borrowings and decrease payables helped strengthen the corporate’s stability sheet, regardless of weaker earnings.
On a year-to-date foundation, the corporate’s share value is up 1.14%, at present buying and selling at N22.15.
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